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The Math Underground is part of a national coalition, originated by NYC HOLD. .. a coalition of groups of citizens NOT vested in continually reinventing the wheel in order to justify our own existence, jobs or expertise. ........ Check the Blog list for Seattle Math Group.

Tuesday, July 15, 2008

Pickens Plan

2 comments:

Anonymous
said...

Pickens is always leading edge - I would add $700 B per year dollar export has to eventually return to the US and exchanged for something tangible. A selloff in foreign dollars would be a catastrophe and create a global recession. Bailing out banks and lenders only adds to the fire. That's what is fueling the selloff in stocks and bonds. Things are only going to get worse. If you want to see what a housing slump starts looking like, you should take a vacation to southern california where the real estate bubble was the biggest. 50% drop in prices in 2 years. More will be coming down the road as mortgages get readjusted. We'll be looking at 1992 prices shortly.

Our economy has got to get off oil. Americans have no choice but to streamline. Sacramento has got some great energy saving ideas especially for homes and transportation.